The future of the hotel industry and how covid is impacting it - Business Insider

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A senior hotel analyst says it's 'definitely tough out there' but sees a comeback for the space in less than a year — here's when he sees profits returning

" in mid-June to talk about the future of the industry and what he expects to see for the rest of the year.

Even looking at a market like Las Vegas, which is opening back up, Bellisario explained that a lot of the business there isn't just gambling. A lack of those thousand-person conventions that happen in Vegas, he continued, will definitely be tough on the sector. When it comes to hotels in major urban markets like Manhattan, San Francisco, and Chicago, the reality is people won't be staying in them unless they have to — and some of those hotels are still closed.

 

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